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Finance Officer

2 months ago

Manama, Manama, Bahrain Propel Consult Full time
Job Title: Finance Officer Company: Leading Domestic Multinational

Our client, a prominent domestic multinational, is expanding its presence in key international markets. We are seeking a highly skilled Finance Officer to join their Bahrain Branch team.

Duties & Responsibilities
  • Financial Reporting: Assist the Financial Controller in preparing timely and accurate financial statements, ensuring compliance with international accounting standards (IAS) and International Financial Reporting Standards (IFRS).
  • Management Reporting: Collaborate with the Financial Controller to develop and manage effective management reporting, providing senior management and regional offices with accurate and timely information for informed decision-making.
  • Regulatory Compliance: Support the Financial Controller in preparing and reviewing periodic reports and returns required by the Central Bank of Bahrain, ensuring the bank's compliance and minimizing reputational risk.
  • Accounting Standards: Assist in implementing new accounting standards as applicable, ensuring the bank's financial reporting remains current and compliant.
  • VAT Compliance: Provide support to the financial controller in meeting VAT-related requirements, ensuring accurate and timely reporting.
  • Budgeting: Assist the Financial Controller in the budgeting exercise, highlighting and reviewing variances with business heads to ensure accurate budgeting.
  • Variance Analysis: Review budget vs. actual figures, inquiring into justifications for variances to maintain an effective monitoring mechanism.
  • Internal and External Reporting: Ensure accurate information is provided to internal and external auditors and regulators on a timely basis, addressing risks highlighted by them to safeguard the bank's interests.
  • Communication: Establish effective communication channels with internal and external stakeholders to resolve issues promptly and in the best interest of the bank.
  • Account Ownership: Implement account ownership and reconciliation processes to strengthen overall controls over financial reporting.
Qualifications & Requirements
  • Associated Certified Chartered Accountant (ACCA) or MBA Finance
  • Relevant banking experience of 3 years